According to reports, 5G smartphone shipments in India grew to 30 percent (year-on-year) in Q3 2022, while smartphone shipments declined 12 per cent (year-on-year), and on a quarter-on-quarter basis, smartphone shipments recorded a 16 per cent growth.

CMR, states that the overall Mobile market witnessed a 16 percent (year-on-year) decline in Q3 2022.

Consumer demand was strong in the value-for-money smartphone segment (Rs 7,000-Rs 25,000), with 79 percent of smartphones shipped in this price segment in Q3 2022, according to the report.

However, the premium smartphone segment (Rs 25,000-Rs 50,000) and the super-premium smartphone segment (Rs 50,000-Rs 1,00,000) saw shipments increasing by 9 per cent and 39 per cent (year-on-year), respectively.

The overall feature phone segment continued to decline, reflecting the current macroeconomic environment and weak consumer sentiment, said the report.

Both 2G and 4G feature phone segments declined by 21 per cent and 58 per cent (year-on-year), respectively.

"On the back of the recent 5G auctions, shipments of 5G smartphones continued to gain momentum during the quarter. Driven by the festive season sales, consumer appetite for 5G, value for money and premium smartphones saw strong growth," says Menka Kumari, Analyst - Industry Intelligence Group, CyberMedia Research (CMR).

Samsung led the overall India Mobile Market with a 19 percent share, while Xiaomi led the Smartphone market with a 22 percent share.

Going forward, we anticipate further momentum for 5G smartphone shipments driven by robust consumer demand. The premium smartphone segment will continue to buck the trend and will witness strong shipments. Consumers will seek to switch and upgrade to newer phones, adds Shipra Sinha, Analyst - Industry Intelligence Group (IIG), CyberMedia Research (CMR).